Myanmar Firm Building $12m Industrial Park in Push to Modernise Agriculture


The Myanmar Ag­ribusiness Pub­lic Corporation is building a $12 million in­dustrial park in the delta region in a bid to push up the quality of Myanmar’s farming produce and at­tract investment.

The park in Myaungmya township, about 150 kilo­metres west of Yangon, is slated for completion in late 2018, but already has basic infrastructure including electricity and a jetty.

Investors from China, Taiwan, Japan and Thai­land have expressed inter­est in the project, MAP­CO’s managing director U Ye Min Aung said.

Myanmar’s agriculture industry offers huge po­tential for investors but decades of underinvest­ment mean both yields and quality are lower than those of the country’s re­gional neighbours.

Nonetheless, interna­tional investors see po­tential. Scot Marciel, US Ambassador to Myanmar, told Myanmar Business Today in a recent inter­view that US agriculture was among the indus­tries attracting particular interest from American companies following the end of sanctions in Octo­ber.

MAPCO was founded in 2012 with state backing with the aim of develop­ing the agricultural sec­tor. it is set to open the country’s largest rice mill in the delta region this March. The K9 billion fa­cility in Kyaiklat will be capable of processing 450 tonnes of rice per day, more than double that of its existing mill in Nay­pyitaw.

The plant will help My­anmar widen its appeal in export markets beyond China, which buys the vast majority of the coun­try’s rice. It has a parboil­ing system that makes rice resistant to breaking.

The company hopes the plant will allow it to ex­port 100,000 tonnes of rice a year, which would be a significant expan­sion; since its inception MAPCO has exported a total of 150,000 tonnes.

Rice exports suffered in 2016 as conflict near the border with China tempo­rarily shut down a major trading post and report­edly pushed up transport costs, while China en­forced a crackdown on il­legal imports.


Source: Myanmar Business Today

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Puma Energy", “MOGE”, “yangon new town”,"MECTEL", "hydropower", etc.